How to choose a Travel Insurance
Why Travel Insurance • Prepare for unforeseen emergencies • covers medical expenses, loss of baggage, loss of passport etc
Before taking a Travel Insurance • Consider your real need and aware of the exclusions • Travel insurance can be bought as a standalone policy • Some cover your travel abroad - Know the age restrictions • Costs and coverage: 4 -8 % of the cost of travel
Before taking a Travel Insurance • If you travel frequently buy a long term one • "multi-trip” to cover an unlimited number of trips • Usually high risk games are excluded like scuba diving, rock climbing • But there are some policies that covers higher risk items such as adventure sports, terrorism cover etc
What are included • surgery, x rays, lab work, anaesthesia, physician’s fees and emergency medical transportation • trip cancellation reimbursement, interruption coverage, travel delays, missed connection and lost baggage
What are excluded • non-emergency visits, regular physical exams, nonthreatening allergy treatment, cosmetic surgery, hearing aids, eyeglasses or contacts • pre-existing conditions such as an illness, disease or condition • Generally war, participating in high-risk sports, nuclear disasters, epidemics, terrorist events and government travel prohibitions and regulations
Types of Travel Insurance Flight Insurance • Covers Flight Crash with a hefty premium Not Advisable Trip Cancellation • Once in a life time cruise, it’s advisable • Insurance cover if you buy the non-refundable flight tickets
Insurance Brokers • Call insurance brokers. They are affiliated to different insurance companies Advantage • You could get the best deal, because they do all research based on your requirements
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